# Government National Mortgage Association: Mortgage-Backed Securities (MBS) Program-Payments to Securityholders; Book-Entry Procedures; and Financial Reporting
> **US Department of Housing and Urban Development** · Final rule. · Published 2007-08-27 · Effective 2007-09-26 · 72 FR 49124
## Document
- **Document number:** E7-16890
- **Category:** hud-other
- **Agency:** US Department of Housing and Urban Development
- **Federal Register citation:** 72 FR 49124
- **CFR reference:** 24 CFR 320
- **Publication date:** 2007-08-27
- **Effective date:** 2007-09-26
- **Docket:** Docket No. FR-5063-F-02
## Abstract

On May 7, 2007, the Government National Mortgage Association (Ginnie Mae) published a proposed rule that would restrict the issuance of physical certificates representing Ginnie Mae mortgage-backed securities (MBS) and clarify that book-entry securities may be withdrawn from the Federal Reserve book-entry system after Ginnie Mae has approved a request for physical certificates, also known as definitive securities, in the same amount. The rule also proposed to eliminate the requirement for a classified balance sheet. Ginnie Mae did not receive any public comments on this rule. Ginnie Mae is adopting, at this final rule stage, the proposed rule without change.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2007/08/27/E7-16890/government-national-mortgage-association-mortgage-backed-securities-mbs-program-payments-to)
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